The billionaire owner of Hobby Lobby says he is giving away his ownership of the company and cites his Christian faith for the decision.
Green founded the arts and crafts retail chain in Oklahoma in 1970 on a $600 loan,Since then, Hobby Lobby has blossomed into a multibillionaire company with 970 stores across the country. Green is currently worth an estimated $13.7 billion.
As Green became turned off by the idea that he was the owner of his wealth, he came to realize that his wealth did not come from anything he did himself but rather from God.That stewardship gave me a greater responsibility. I wasn’t supposed to take the profits of the business and use them for myself. I also had a responsibility to the employees that God had put in my charge.